Karora Resources Inc (KRR.CA) Stock Technical Analysis
Canada - TSX:KRR - CA48575L2066 - Common Stock
Overall KRR gets a technical rating of 10 out of 10. Both in the recent history as in the last year, KRR has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, KRR also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
3.92
6 important support areas can be observed.
- A support zone ranging from 6.48 to 6.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.31 to 6.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.03 to 6.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.34 from a horizontal line in the daily time frame.
- Support @4.52 from a trend line in the weekly time frame.
- Support @3.96 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for KRR.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KRR.CA is up. |
| ChartMill Relative Strength | 93.32 | POSITIVE | KRR.CA has a high relative strength, it outperformed 93.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KRR.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KRR.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KRR.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.5 | NEUTRAL | The RSI value for KRR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests KRR.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.36 | NEUTRAL | The Stochastics value for KRR.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for KRR.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.23 | POSITIVE | The high ADX value value for KRR.CA suggests a strong trend. |
TSX:KRR (8/2/2024, 7:00:00 PM)
6.7
+0.16 (+2.45%)
Karora Resources Inc / KRR.CA FAQ
What is the technical rating for KRR stock?
ChartMill assigns a technical rating of 10 / 10 to KRR.CA.
What is the trend direction for KRR stock?
The current trend direction for Karora Resources Inc (KRR.CA) is Bullish.
Can you provide the RSI signal for Karora Resources Inc?
Karora Resources Inc (KRR.CA) has an RSI value of 60.5028. This indicates that the stock is currently neutral.
What is the MACD signal for Karora Resources Inc (KRR.CA) stock?
The MACD indicator for Karora Resources Inc (KRR.CA) has a value of -0.0447092, indicating a bearish trend.
What is the buy/sell signal for KRR stock?
The buy/sell signal for Karora Resources Inc (KRR.CA) is buy as both the short term and long term trends are positive.